RE: Rough Value of La Blanche ore bodyThanks Brillo for doing this calculation. I would like to add though that when there were 74,721,800 shares outstanding, there were also 5,267,460 Options, 58,466,000 Warrants, and 5,900,640 Broker Warrants (according to the presentation on the Argex website
https://argex.ca/documents/Dehn%20Michael%20ARGEX%20MINING.pdf).
$53,897,750,000 total metal value based on historical study
with 144,355,900 fully diluted shares
=
$373.37 metal value per fully diluted share
Like you said, even after deducting infrastructure, milling costs, etc, RGX still has excellent value.